ISSN:
1681-2336
Language:
English
Pages:
45 p
Parallel Title:
Parallelausg. La procédure budgétaire au Canada
Titel der Quelle:
OECD journal on budgeting
Publ. der Quelle:
Paris : Organisation for Economic Co-operation and Development, 2001
Angaben zur Quelle:
Vol. 1, no. 2, p. 39-82
Keywords:
Governance
;
Canada
Abstract:
Canada’s level of indebtedness, as a percentage of GDP, increased from a level lower than the average for OECD Member countries in the early 1980s to a high of 97.6% in 1995. This was a level of debt exceeded only by Italy among G7 nations and Belgium and Greece among the wider OECD community. Fiscal management reached a breaking point in 1994. It was recognised that the fiscal situation had reached crisis proportions and strong corrective measures were needed. Today, Canada is enjoying a budget surplus and is repaying debt. This paper surveys these developments.
DOI:
10.1787/budget-v1-art10-en
